By Mark Samuelson
Even in trendy areas around Coors Field, builders overbuilt the LoDo market with condos and townhouses in 2008-09, and plenty of units would head back to the bank. But now, after a year that saw huge absorption, much of that Ballpark product is gone – meaning that 11 “urban brownstones” that developer Craft DeLay took back from the bank, each re-opening for sales tomorrow on Blake five blocks from the ballpark, with a 2-car attached garage and a rooftop deck – are stepping into a very different market.
Interior of 3-bedroom urban brownstone you can tour. Craft DeLay has eleven homes coming back on the market five blocks from Coors Field, all with 2-car attached garages and rooftop decks, all substantially reduced.
Prices for those 2-bedroom and 3-bedroom brownstones at Blake 27 now begin at $310,000…and top out at $508,000 for a couple of premium end units that have windows on three sides. When Craft DeLay began negotiations to get hold of Blake 27 from the original developer, the very least expensive was $477,800 and the top-priced unit was at $835,000. more »
